Morguard North American Residential REIT Declares November 2012 Distribution of 5 Cents Per Unit

MISSISSAUGA, ON, Nov. 15, 2012 /CNW/ - Morguard North American
Residential Real Estate Investment Trust (the "REIT") (TSX: MRG.UN)
today announced that it has declared a distribution of 5 cents per unit
for the month of November 2012. The distribution will be payable on
December 14, 2012 to unitholders of record as at November 30, 2012.

About Morguard North American Residential REIT

The REIT is an unincorporated, open-ended real estate investment trust
which owns, through a limited partnership, interests in a portfolio of
14 Canadian residential apartment buildings and six U.S. residential
walk-up garden communities consisting of 6,376 residential suites that
are located in Ontario, Alberta, Louisiana and Florida.